In
the recent few years, there has been reported many cases of the data security
thefts and breaches and many people has lost millions of dollars. The cyber
threat is been increasing every day and it become quite a combusting job for
anyone to battle with the professional cyber criminals and protect the
confidential data of millions of the card holders in the world.
The
PCI (Payment Card Industry) norms are designed to protect the confidential
information of the card holders and provide
them the protective cardholder data environment. In the recent few years,
it has become mandatory for every online merchant to follow the PCI norms and
prevent the data of various card holders doing financial transactions form
their web portals. Though it is been good for the various customers using the
online payment gatewayseither for buying a product or simply sending or
remitting money, but its tough call for the retailers to adhere to the PCI
compliance for the retailers and they need to work hard
in order to implicate the following norms and they were facing lot of hurdles
and obstacles like:
• Cost of implementation of the PCI software is very higher and not every retailer can afford its heavy cost of the implementation
• The changes in the PCI norms often forces the retailers either to upgrade their software and it also costs higher therefore the maintenance coast of the PCI has increased gradually.
• Once the PCI has been implemented then either retailer has to hire the professional software engineers or give the contract to the third party software firm for the maintenance of the system that directly hits the business cost.
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